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, ) today announced the appointment of Jacqueline Simkin to the Company's Board of Directors, increasing the Board of Directors to eight members. In addition, Ms. Simkin will serve as a member of the Audit Committee and Compensation Committee of the Board of Directors.

The battlefield of the credit crisis indeed, the crisis of capitalism is strewn with the dead and wounded.
One casualty is the role of directors at a broad range of dead and maimed financial institutions. These board failures represent, in turn, a signal failure of the broad governance movement that gained momentum at the beginning of this decade.
This issue is of profound importance because the board of directors stands between government regulation and corporate freedom. The board's duty is to provide a balance among wealth creation, financial discipline, and risk management; to make the fusion of high performance with high integrity the firm's foundation; and to choose and reward a CEO who has the vision, motivation, and skills to affect that essential balance and critical fusion. When boards don't succeed but fail, as so many have, the terms of debate shift from how companies can best govern themselves to how regulators should govern them

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